Roosevelt Investment Group Inc. Sells 11,806 Shares of Las Vegas Sands Corp. (LVS)

Roosevelt Investment Group Inc. trimmed its stake in Las Vegas Sands Corp. (NYSE:LVS) by 5.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 212,801 shares of the casino operator’s stock after selling 11,806 shares during the quarter. Roosevelt Investment Group Inc.’s holdings in Las Vegas Sands Corp. were worth $13,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC grew its holdings in shares of Las Vegas Sands Corp. by 8.3% in the 2nd quarter. Global X Management Co. LLC now owns 1,653 shares of the casino operator’s stock worth $106,000 after acquiring an additional 126 shares during the last quarter. Ffcm LLC grew its holdings in shares of Las Vegas Sands Corp. by 90.9% in the 2nd quarter. Ffcm LLC now owns 2,436 shares of the casino operator’s stock worth $153,000 after acquiring an additional 1,160 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Las Vegas Sands Corp. by 24.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,603 shares of the casino operator’s stock worth $166,000 after acquiring an additional 510 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Las Vegas Sands Corp. by 143.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,731 shares of the casino operator’s stock worth $174,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Lee Financial Co grew its holdings in shares of Las Vegas Sands Corp. by 1.4% in the 2nd quarter. Lee Financial Co now owns 3,091 shares of the casino operator’s stock worth $197,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.



A number of brokerages recently issued reports on LVS. Morgan Stanley lifted their target price on Las Vegas Sands Corp. from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Stifel Nicolaus reiterated a “buy” rating and set a $72.00 price target (up previously from $70.00) on shares of Las Vegas Sands Corp. in a report on Thursday, July 27th. Telsey Advisory Group lifted their price target on Las Vegas Sands Corp. from $64.00 to $66.00 and gave the company a “market perform” rating in a report on Thursday, July 27th. Gabelli lifted their price target on Las Vegas Sands Corp. from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research downgraded Las Vegas Sands Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.31.

In other Las Vegas Sands Corp. news, Director George Jamieson acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $66.96 per share, with a total value of $66,960.00. Following the transaction, the director now owns 6,488 shares of the company’s stock, valued at $434,436.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.10% of the stock is currently owned by insiders.

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Las Vegas Sands Corp. (NYSE LVS) traded up $0.68 during midday trading on Monday, hitting $67.18. The company had a trading volume of 749,683 shares, compared to its average volume of 3,296,998. Las Vegas Sands Corp. has a fifty-two week low of $51.35 and a fifty-two week high of $68.41. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 1.38. The firm has a market cap of $52,570.00, a PE ratio of 23.92 and a beta of 1.78.

Las Vegas Sands Corp. (NYSE:LVS) last posted its quarterly earnings data on Wednesday, October 25th. The casino operator reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. Las Vegas Sands Corp. had a return on equity of 38.69% and a net margin of 21.41%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. sell-side analysts predict that Las Vegas Sands Corp. will post 2.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 21st will be given a dividend of $0.73 per share. The ex-dividend date is Wednesday, December 20th. This represents a $2.92 annualized dividend and a dividend yield of 4.35%. Las Vegas Sands Corp.’s dividend payout ratio is presently 110.19%.

Las Vegas Sands Corp. Company Profile

Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States.

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Institutional Ownership by Quarter for Las Vegas Sands Corp. (NYSE:LVS)

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